Is 44240, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 44240 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 44240 has remained a Seller's Market.

Key Takeaway

44240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 44240, OH

How much do homes in 44240, OH cost?

Median Sold Price

$236,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,833(+11.2%)

Key Takeaway

Homes in 44240 have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in 44240 was $236,000 in October 2024, up 11.2% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $83.5K$140K
+67.7%
2 $148.5K$155K
+4.4%
3 $205K$230K
+12.2%
4 $270K$319K
+18.1%
5+ $390.4K$322.5K
-17.4%

Summary: 44240 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes decreased by 17.4%.

Median Sold Price Compared To Nearby Zip Codes

44266
+14.3%
44240
+11.2%
44278
+6.5%

Housing Supply in 44240, OH

How many homes are available in 44240, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8486+2.4%

Summary: The 44240 real estate market had 86 homes for sale in October 2024, a 2.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1014
+40.0%
3 4242
0.0%
4 2323
0.0%
5+ 76
-14.3%

Summary: The 44240 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2026+30.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 44240, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in 44240 in October 2024, up by 30.0% month-over-month. Of the 26 sold homes, 35% were sold under asking, 8% were sold at asking, and 58% were sold over asking.

Days on Market for 44240, OH

How long does it take to sell a home in 44240, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days26 Days-27.9%

Summary: Homes in 44240 had an average of 26 days on market in Oct 2024, down by 27.9% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 44240 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 44240; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

Newest Listings in 44240, OH

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